Monday, September 28, 2009

Boycott against Hyatt

The interesting news this week is about the boycott and protest against Hyatt. This is because 98 housekeepers were fired, replacing by the lower-wage employees from Hospitality Staffing Solutions. This makes fired housekeepers angry and called for a boycott against Hyatt since they felt like that were treated unfairly. Deval Patrick, the governor, strongly supports the protest and wrote to the company to convince them to reverse its decision. Patrick’s action seems to be unusual so some people are wondering whether he try to boost his support for reelection.

In the period of global recession, every organization, especially private company, has to make many decisions aiming to minimize their cost and to be survive in the business world. Laying-off is one of those decisions for any company to reduce their cost. During an economic crisis, an unemployment rate is predicted to rise dramatically since lots of companies have an effect from it. It is hard to retain all employees while the company is generating less and less revenues and profit. It’s not surprising that Hyatt made that decision. They might have only this solution and I’m sure they already carefully considered about it.

It might seem to be unethical to lay-off many employees like this. I’m not sure whether the company had ever informed their employees about the company’s situation. If there is a good communication, employees should know any movement relating the decision on Laying-off some employees. They would still be angry but at least they have time to prepare themselves for an uncertainty of their job and they would have time to look for a new job.

In my opinion, the company decision and strategy sometimes depends on the relationship between employers and employees. It also depends on the culture of that country and organization. My family also has our own business which employ around 300-400 workers. During an economic crisis in 1997, the company also has a bid impact. We could lay off our workers to help reducing our costs but we did not do. My father always says that we consider and treat every employee as our family members, so no matter what happen, laying-off won’t be the decision we made. All employees are assured about their job security so this makes them very loyal to the company as well as work efficiently. All workers in the company have a good collaboration and try their best in helping the company cut all costs. This helps our company survival from the disaster of economic crisis that time. Nowadays, our company still holds the same belief and we always concern about the relationship among our employees.

From this article, an economic crisis has a big impact on many parties related. Not only the private sector that has to concern about this, but also the government themselves are responsible for finding solution and policies to support an increasing number of unemployed.

Source:
http://www.boston.com/business/articles/2009/09/24/governor_threatens_a_hyatt_boycott/?page=full

Sunday, September 27, 2009

Complaining Letter

56 Parkvale Avenue, Apt.15
Allston, MA 02134

September 27, 2009

IKEA, Inc
1 IKEA WayStoughton, MA 02072

Dear Sir or Madam,

I would like to bring your attention to a situation I encountered with one of your products. I am a longtime user of many kinds of your product including furniture. I am usually very happy with the quality and often recommend them to others. On September 3, 2009 I purchased a LACK coffee table from IKEA in Stoughton, MA.

I was very surprised to find that there is something wrong with the furniture’s components that we have to assembly ourselves. All the legs of the table are supposed to have a hole which we could put the small piece of metal inside but there is not. Without those holes, we could not assembly the shelf under the coffee table.

I called to the customer service and informed them about the problem occurred. The staff asked for some information and told me that they would send the new set of legs to me within 5-7 business days. Two days later, there is a call from the IKEA informing me that legs shouldn’t have any hole and I have to drill it myself. This is unreasonable since I bought two coffee tables and another one has those holes on a table legs. The staff was unresponsive to my circumstances. I believe I was treated unfairly in this situation.

I know that IKEA usually makes quality products as well as satisfied customer services and I hope IKEA will maintain the quality of this one. I would like to request for a replacement set of coffee table’s leg. I feel this is a reasonable request since the product was not in a proper condition.

I appreciate your attention to this matter and look forward to your response.

Sincerely Yours,

Dusida Chongvisal

Tuesday, September 22, 2009

Weekend business

Weekend business this week is covered many topics including irrational exuberance, continuing about Saturn, Amazon.com’s expansion and the rising shareholder dissent.

Starting with Jack Healy and Floyd Norris, they are discussing on current market situation and global economic recession issue. Compared to recession happened before, this time seems to be much worse because it leads to many problems. In the future, the federal reserve should unwind the program and clean up the balance sheet in order to help rebounding the recession. However, the production and industrial output are predicted to be better. The US currency is still weak while the value of gold has been so strong. People invest more in trading gold and this makes the price of gold would be fluctuated.

Moving on to the second topic discussing with Gretchen Morgenson on rising shareholder dissent, the summary is the shareholder protest due to the disaster financial situation and SEC would like to change their voting regulation. This will allow the shareholder voice to be heard and have an effect. Important issues are compensation, opposite and related party transaction.
The next topic is about Saturn Car Company, discussed with Tim O’Brien and William Vlasic. It’s about GM’s taking over the Saturn Car Company and reorganization. The reason why GM collapsed is because they held too many brands, too many models and the difference of operation and ideas. Moreover, there is an internal conflict over the cash and resources. Saturn is unique because of its marketing campaign, its relationship with its customers and buyers and special treatment. But nowadays, it has to compete hardly since its competitors have a same strategy. Penske choose to acquire this brand because of its challenging.

The last topic is the amazon, the world largest and successful online bookstore. Now they expand more their business lines further than books. They have been growing and use their push strategy in order to satisfy and encourage their customers to buy more by offering free shipping and Amazon prime. That’s why there are an increasing number of online customers. Their competitors have to be working hard on finding solution that could compete with Amazon.

Monday, September 21, 2009

Climate change summit

Many studies and researchers found that since the Industrial Revolution (around 1750), human activities have substantially added to the amount of heat-trapping greenhouse gases in the atmosphere. The burning of fossil fuels and biomass (living matter such as vegetation) has also resulted in emissions of aerosols that absorb and emit heat, and reflect light. The addition of greenhouse gases and aerosols has changed the composition of the atmosphere. The changes in the atmosphere have likely influenced temperature, precipitation, storms and sea level (IPCC, 2007).

Greenhouse gas concentrations in the atmosphere will continuously increase unless greenhouse gas emissions decrease substantially from present levels. Increased greenhouse gas concentrations are very likely to raise the Earth's average temperature, influence precipitation and some storm patterns as well as raise sea levels. The amount and speed of future climate change will ultimately depend on the level of greenhouse gases and aerosol concentrations, responsiveness of feathers of the climate to the changes and the variation of climate resulting from the natural influences.

As a result, the greenhouse emission, leading to a climate change, becomes more important issue in many countries. This is why many countries under U.N. are gathered in U.N. summit in Copenhagen in December, billing as the place 192 countries would complete a new emission pact. But it seems to be that this might be postponed to 2010 because of the health care reform.

Some key leaders in this issues thought that completing a new treaty within three months is too difficult and impossible. So they think it would be better if we find “plan B” to be like a backup plan. However, some officer said that this summit would be the last chance to battle against the greenhouse gas emission. Moreover, the delay could lead to a major problem as it already happened with 1997 Kyoto Protocol talks. At that time, US helped write a treaty which the senate refused to approve. This makes US lost in confidence and reliability among other nations and they are not trusted in any US proposals without legislation to back up their promises. Another key concern for this summit is the financial matter. They still discuss on the financing issues like how much developed countries need to give to support those developing countries and what actions every countries need to do.

This should be carefully considered since this issue is going to have an impact on every people’s life. In my opinion, US still need to be prepared for this summit. They should well-balanced any resources between the health care reform and other subjects since they might be as important as its health reform.

sources:
http://www.epa.gov/climatechange/science/futurecc.html
http://www.epa.gov/climatechange/science/recentcc.html

Wednesday, September 16, 2009

PET...unconditional love

Have you ever thought about having your own pet? If your answer is NO, you might change your mind after reading my postJ.

How can I realize an important of having pet? This is because I have my own dog and what I’m going to tell you is all from my own experiences. Pet which I mean can be referred to any kind of animal such as dog, cat, rabbit or whatever. My pet is a white Labrador retriever dog. His name is JUMMUM which is Thai word meaning chubby. He is now almost 11 years old. That’s quite old, right? He’s quite a funny dog and always makes me smile. I have learnt many things from him.

First, he teaches me what responsibility is. When you have your own pet, it makes you more responsible for something other than yourself. You have to take care of them unless your pet would die. Second, you won’t be lonely when you have your own pet. They seem to be a part of your family; they always show how pleased when they see you. They always listen to you whenever you need someone to talk to and they never complain to whatever you do. Moreover, having pet helps reducing your stress! Playing with them, taking them for jogging or just watching them making funny thing can release your stress. My dog always makes a curious face when he sees or hears something he never heard before. He always wants to know what’s going and want to be a part of every activity my family do. I can smile every time I think of him.

Pets don’t want anything from their owner just feeding and taking care of them; in return, they give you an unconditional love. For me, animals can feel anything as we do. They can feel you love them and you also can feel how much they love you.

Unconditional love, interested? Now you can change your mind if you would like to. This is just my own opinion that I would like to share with others. Hope you enjoy reading it!!

Sunday, September 13, 2009

Comment on Obama's health care reform

According to President Obama’s speech about Health care policies on Wednesday’s night, there seems to be both the supporters and rejecters to his health care reform. But for me, I think this reform really works and it is going to be a big change for all American people. This reform covers many main points that mainly benefit and support to small businesses as well as individuals.

First, the president told that this policy is not going to subsidize any illegal immigrants. Second, Obama assured that this health care plan would not affect the federal deficit. Moreover, the plan will help an individual who can’t afford any health insurance by offering the low-cost insurance program for them. For those who already have their own health insurance, there would be no change in their program but in long-run, this plan will also hopefully to improve most of medical services. For any company, it is required to offer their workers health care, but with this plan, they would be exempt due to the size of their business and the small number of profit margin. What’s more, this plan was assured to all senior citizens that it is not going to use the funds of Medicare. The last one is Obama stated that there won’t be any subsidies to this public option. On the other hand, this public option would be self-sufficient organization.

For me, I do support the president Obama’s health care reform since it seems to benefit everybody equally. This public option is going to protect people from the monopoly power of big insurance company. This plan don’t force anyone to choose, but just increase choice from for them to consider that best one that suit with them. I think this health plan will help improving the living standard of entire country. Moreover, if people have insurance that could cover all medical expenses, there will be more money left in their pocket for purchasing other things. Hence, this could indirectly help stimulating the economy.

Friday, September 11, 2009

Introduction

Hello everyone!!

Welcome to my blog! This is the first time for me to write anything on the web and share with others. My first post is gonna be the introduction of myself so you can know more about me.
My name is Dusida Chongvisal but I know that my name might be difficult to pronounce so you can call me BO for short. I comes from Thailand. I'm 22 years old and I'm the youngest child in my family. I have one sister and one brother.

I just graduated and got my bachelor degree in Business and Accoutancy from Chulalongkorn university in my home country. Now I'm studying at MET school, majoring in Multinational commerce. The reason why I chose this major is because my family has our own business. It is the shipyard company; we both build and repair many kinds of boat. Now we are starting to go more globally. We do some exporting our product and services now, so knowledge and many experiences from the courses would be very useful to me to help expanding my family business in the future.

Besides my acedemic side, when I have free time, I usually go shopping, hanging around with my friends, going out to find some good restaurant to eat. Moreover, I love DOG!! ; I have one at my home in Thailand. He's a white Labrador Retriever named Jummum. I will tell you more about him next time.

Now, I think you would know more about me. I'm welcome for any comment if you would like to.
Thank you for your visit.